Page 21 - Banking Finance April 2022

PRESS RELEASE

SBI Chairman Flags off Mobile Medical Unit Project

by a dedicated medical team consisting of a doctor, lab
technician and pharmacist.
These units will provide services throughout the year, which
will help rural communities for availing healthcare facilities
at their doorsteps, thus saving their valuable time for daily
livelihood activities. Along with the clinical facilities, the unit
will also run specialized health and awareness camps in
these remote villages. The project also leverages
collaborations with local health departments/medical
colleges for support. As on date, such facility has been
sanctioned for 18 States and 2 Union Territories.
SBI Foundation, the CSR arm of the Bank has partnered
with various NGOs for implementation of the initiative that
State Bank of India’s Chairman, Shri Dinesh Khara flagged
aims to provide primary healthcare facilities in rural areas.
off “SBI Sanjeevani-Clinic on Wheels”, a mobile medical unit
SBI General Insurance Company Limited has provided the
project at State Bank Bhavan, Mumbai. A batch of 5 such funding support for purchase of Mobile Medical Units to
Mobile Medical Units were flagged off to provide primary implement the project, in the above five States.
healthcare services in the States of Arunachal Pradesh,
Bihar, Haryana, Madhya Pradesh & Uttarakhand. Speaking at the event, Shri Dinesh Khara shared that,
“Healthcare has been one of the key focus areas of SBI’s
SBI Chairman, Shri Dinesh Kumar Khara handing over the
long term CSR strategy and we believe that SBI Sanjeevani
cheque to the CEO, Synergy Sansthan, in presence of SBI initiative through our Mobile Medical Units will help in
and SBI Foundation leadership team, and vehicle funders - improving quality of life of communities in the remote
SBI General Insurance Co. Ltd. areas. The initiative will not only provide primary healthcare
SBI Sanjeevani provides primary, preventive, diagnostic, and services at the doorstep but also create awareness and
referral health services at the doorstep of the people in the improve the hygiene practices in these areas, through
remote areas. The Mobile Medical Unit will be equipped special drives and camps. SBI envisions to scale up the
with state-of-the-art diagnostic facilities and accompanied initiative across all the States in our country.”

Axis Bank Bags IFR Asia's Asian Bank of the Year and India Bond
House Award

Axis Bank, India’s third-largest private sector bank has been awarded IFR Asia’s Asian Bank of The Year, for its breadth
of coverage and depth of expertise in the Asian investment banking space. The award acknowledges the bank’s outstanding
performance in equity and debt issuance, across all major products and segments. Axis Bank was the only local house to
serve as a global coordinator for the record Rs. 183 Bn Paytm IPO, and was also the global coordinator for Macrotech
Developers’ Rs. 25 Bn IPO.
As per Refinitiv data, Axis Bank ranks first in India in DCM with 17.1% market share, which is twice than that of its
nearest challenger. With the most senior team of 80 investment bankers in the counts, Axis Bank was able to climb to
the third position in ECM despite strong competition from foreign houses. The bank has also helped open new markets
for different issuers, such as HDFC’s Rs. 30 Bn three-year floating-rate bond offering.
In a bid to strengthen its ESG commitments, Axis Bank has worked on numerous significant deals such as the Renew Sun
Waves’ Rs. 10.02 Bn bond offering and, Vector Green Energy’s offering, which was the first AAA rated deal from the
renewables sector. The bank also sold India’s first sustainable AT1 issue, a USD 600 Mn perpetual non-call five issue
priced at 4.1%, while acting as a joint global coordinator.

BANKING FINANCE | APRIL | 2022 | 21